casascius
Mike Caldwell
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Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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August 31, 2012, 03:24:38 PM |
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I have seen photos lose their color fidelity over the years, but have you ever seen old documents turn into blank paper? Me neither.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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spiccioli
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Activity: 1378
Merit: 1003
nec sine labore
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August 31, 2012, 03:37:05 PM |
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I have seen photos lose their color fidelity over the years, but have you ever seen old documents turn into blank paper? Me neither. casascius, I have some of your coins and I was really wondering how long I can expect to be able to read them. I was not trying to scare anyone. Do you print them or do you write them by hand? What kind of ink do you use? spiccioli
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casascius
Mike Caldwell
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Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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August 31, 2012, 04:22:40 PM |
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Do you print them or do you write them by hand? What kind of ink do you use?
They are inkjet-printed, and I processed the private keys entirely myself. Inkjet was deliberately chosen over several potential other possibilities including laser printing, thermal printing, dye sublimation, and laser engraving (all of which are available to me), with security and longevity being primary concerns. The inkjet used to print the private keys is different from the inkjet on the outside of the series 1 coins. If somehow the inkjet began to fade over time, we'd start to discover this as people opened their coins for redemption, long before the blacks would fade to white (assuming such was possible). As for whether I'd write them by hand, no way - that would be egregious both in terms of difficulty and possibility for transcription mistakes. However, I did inspect every single sheet of keys (330/sheet) by hand to ensure complete and legible printing, proper alignment, proper front-to-back registration and key correlation (public/private), as well as completeness of the print job without any duplications. They are then laser-cut into circles. So I am totally confident that every single key circle is good, and have no shivers about sending (for example) 1000 BTC to one of them when one goes in a gold coin.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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spiccioli
Legendary
Offline
Activity: 1378
Merit: 1003
nec sine labore
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September 03, 2012, 11:16:48 AM |
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Do you print them or do you write them by hand? What kind of ink do you use?
They are inkjet-printed, and I processed the private keys entirely myself. Inkjet was deliberately chosen over several potential other possibilities including laser printing, thermal printing, dye sublimation, and laser engraving (all of which are available to me), with security and longevity being primary concerns. The inkjet used to print the private keys is different from the inkjet on the outside of the series 1 coins. If somehow the inkjet began to fade over time, we'd start to discover this as people opened their coins for redemption, long before the blacks would fade to white (assuming such was possible). As for whether I'd write them by hand, no way - that would be egregious both in terms of difficulty and possibility for transcription mistakes. However, I did inspect every single sheet of keys (330/sheet) by hand to ensure complete and legible printing, proper alignment, proper front-to-back registration and key correlation (public/private), as well as completeness of the print job without any duplications. They are then laser-cut into circles. So I am totally confident that every single key circle is good, and have no shivers about sending (for example) 1000 BTC to one of them when one goes in a gold coin. casascius, thanks for the explanation! spiccioli
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JMAHH
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September 03, 2012, 11:41:39 AM |
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+1
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squid
Member
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Activity: 112
Merit: 10
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September 03, 2012, 11:50:44 AM |
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As a graduate student with access to high resolution microscopes and an SEM I am tempted to buy one of these just to examine it.
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JMAHH
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September 03, 2012, 12:04:01 PM |
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As a graduate student with access to high resolution microscopes and an SEM I am tempted to buy one of these just to examine it.
DO IT
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casascius
Mike Caldwell
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Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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September 03, 2012, 03:35:14 PM |
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As a graduate student with access to high resolution microscopes and an SEM I am tempted to buy one of these just to examine it.
If you examine one and post your findings I will reimburse the cost of one coin plus shipping.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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squid
Member
Offline
Activity: 112
Merit: 10
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September 03, 2012, 05:26:36 PM |
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As a graduate student with access to high resolution microscopes and an SEM I am tempted to buy one of these just to examine it.
If you examine one and post your findings I will reimburse the cost of one coin plus shipping. Do you have a coin denomination in particular you'd like examined? Otherwise I will just look at the gen2 1 btc coin
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Michael_S
Sr. Member
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Activity: 278
Merit: 251
Bitcoin-Note-and-Voucher-Printing-Empowerer
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November 04, 2012, 03:20:09 AM |
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I read about these physical bitcoins only now - I think it is a nice concept to make bitcoin a bit more tangible and spread it further, and of course it could be used in offline transactions for small amounts. Two question to Mike, both not crucially important, I am just asking for curiosity: First, the Casascius 10 BTC Silver Round ( http://casascius.appspot.com/group?type=5) has 3 circles of seemingly random 0s and 1s around it (visible even w/o microscope ;-) ). Is it really random, or does this sequence of bits carry any hidden message/meaning (byte code, morse code or whatever)? It would surprise me if these carefully and well-designed coins did not carry any meaning in this bit sequence... Secondly, what does the nickname "casascius" stand for? At least it is not easy to remember, I always have to concentrate to avoid mistyping it.
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quasarbtc
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Activity: 70
Merit: 10
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November 04, 2012, 03:59:07 AM |
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Nice images. Not bad for the money.
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Foxpup
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Merit: 3044
Vile Vixen and Miss Bitcointalk 2021-2023
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November 05, 2012, 08:35:55 AM |
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First, the Casascius 10 BTC Silver Round ( http://casascius.appspot.com/group?type=5) has 3 circles of seemingly random 0s and 1s around it (visible even w/o microscope ;-) ). Is it really random, or does this sequence of bits carry any hidden message/meaning (byte code, morse code or whatever)? It would surprise me if these carefully and well-designed coins did not carry any meaning in this bit sequence... It's ASCII for "Bitcoin: an idea too big to fail". The BTC25 coin has a similar message that reads "You asked for change, we gave you coins".
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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Domrada
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February 22, 2013, 12:45:40 AM |
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given the recent renewed interest in casascius coins, i thought this thread deserved a bump... yw.
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